The Customer Agreement for the Apple Card is now available to view on Goldman Sachs’ website in PDF form. This gives interested users a sneak peek on information regarding the credit card platform and how it will work come launch time.
Some of the most notable details of the Customer Agreement include fees, payment info, returns, eligible devices, credit limit details, account usage, and eligibility, among others. Furthermore, the financial institutions states that jailbreaking devices with an Apple Card account may result in closure.
The agreement also covers cashback reward mechanisms, where Apple goods get 3%, purchases made with Apple Pay get 2% and everything else gets 1%. Apple shall reward the higher cashback if an item falls into two or more categories. Those who don’t have the card can have their Daily Cash add up and be used towards payment credits within the Wallet app. One card is allowed per Apple ID.
Apple Card is set to launch this month of August.